NBP
Updated
NBP - Buy Call
Stock Summary: In the latest trading session, NBP closed at PkR60.02. The daily chart shows that the stock holds above both minor and major moving averages, supported by an upward trend. Parabolic SAR is positioned below the current stock price, indicating a positive stance. The RSI is at 63.61 suggesting strength as it remains above the neutral level.
Recommendation: Initiate buying positions on weakness or near the support zone and set stop losses below PkR57.51 to manage risk effectively. Initial target is at 61.27 and secondary target is at 62.53.
Stock Summary: In the latest trading session, NBP closed at PkR60.02. The daily chart shows that the stock holds above both minor and major moving averages, supported by an upward trend. Parabolic SAR is positioned below the current stock price, indicating a positive stance. The RSI is at 63.61 suggesting strength as it remains above the neutral level.
Recommendation: Initiate buying positions on weakness or near the support zone and set stop losses below PkR57.51 to manage risk effectively. Initial target is at 61.27 and secondary target is at 62.53.
Trade closed: target reached
Target achieved
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